Selloff in Nvidia Shares: Cheap Valuation and Uncertainty

NVDA dropped 5.6% in 24 hours, falling clearly below its 20-day and 50-day simple moving averages (SMA20 and SMA50), indicating a weak short-term trend. Although the RSI at 32.8 is approaching oversold territory, no reversal signal has emerged yet; the MACD remains in negative territory and below its signal line. The news headline's theme of 'cheap valuation and uncertainty' suggests the selling wave may continue. Nevertheless, oversold conditions could open the door to bargain hunting, so confidence is kept at a moderate level. Downward pressure is likely over the next 1-3 days, but volatility should be expected after the sharp decline.

The Nvidia-driven selloff could weigh on risk appetite, but JST is not directly exposed to this news. On the technical side, RSI at 68.7 has approached the overbought threshold, MACD is positive above its signal line, and the price is trading above SMA20/SMA50. Momentum may weaken in the short term, but confirmation is needed for a clear direction. The news impact will be mostly indirect through overall crypto sentiment.